NU Online News Service, Feb. 5, 12:33 p.m. EST
Fourth quarter results were mixed for some insurers that reported their results this past week, with four insurers reporting increased combined ratios that did not necessarily translate into a loss of net income.
Richmond, Va.-based specialty insurer Markel said net income for the fourth quarter rose 50 percent, or $47 million to $140 million. Net income per share increased $4.88 to $14.37 a share. Total revenues in the quarter rose 11 percent, or $60.5 million to $612 million.
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